[alexa131]

1st time using this site.
Brief Exercise 4-5

Ivanhoe Corporation had income from operations of $6,431,600. In addition, it suffered an unusual and infrequent pretax loss of $774,400 from a volcano eruption, interest revenue of $18,620, and a write-down on buildings of $48,630. The corporation’s tax rate is 30%. Prepare a partial income statement for Ivanhoe beginning with Income from operations. The corporation had 4,929,800 shares of common stock outstanding during 2017. [COLOR=#ff0000](Round earnings per share to 2 decimal places, e.g. 1.48.)


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The book is really confusing me on this as it does not have an example on how to do all of this in one statement. I believe I can get all the correct numbers just need to know what order to do it all in.

[paraclete]

Take it as it comes but extraordinary items are usually dealt with after operational items